Post by
TeddyTenBags on Dec 17, 2020 2:43pm
Buyer Beware - CEO is pump & dump expert
This Company is a total joke. Their CEO, Jeff Stevens is a total pump dump artist as seen in the companies he's taken public and quickly left behind....
1) Datametrex - Went from a high of mid 40 cents as they were first an AI company that then got into the cannabis market, then into crypto mining and blockchain all over the course of a few months. The Company went all the way down to 1 cent and then all of a sudden spiked because they are now selling covid test kits. Everything else at this company totally flopped and was abandonned except for the AI piece, which is back to being their core business, which really isn't anything better than other big name players out there in market. This company is a joke.
2) Graph Blockchain - Was spun off from Datametrex and taken public. Tanked from 30 cents down to a cent and tried to piggyback off Datametrex exploiting the pandemic by trying to secure PPE for Canada. Total joke of a company.
3) Revive Therapeutics - Went into the cannabis space late. Got killed because they actually don't have anything worthwhile and was hovering around 2 cents. Then they suddenly "pivot" towards pyschedelics and the stock takes off. The guy running this one was hired to run their blockchain/crypto arm, which completely flopped and was discontinued. Do you really think the guy is going to lead a biotech company to success? He know nothing about the space.
Jeff Stevens was a key exec at all of these ventures and PSYC will be no different than the others. It will tank once the euphoria of pyschedelics wears off and he'll be out the door leaving everyone else to hold the bag with a Company that's really got nothing going on. He deleted his old twitter account and got a new one because of the hate mail he was receiving from angry investors. Search up videos on the company on YouTube and you'll find him talking about the Company. Guy literally knows nothing about the space and has zero relevant industry experience. Is that really a CEO you can get behind? He can't speak to anything scientific the company is doing. Total scam artist. Go put your money in a legitmate player in the space that's backed by notable investors.
Comment by
feenewbie on Jan 24, 2021 4:43pm
Point taken but such a strong board (Terry Booth no less) with their own $$ invested, I'm sure they are aware of Jeff's background and strengths/weaknesses, but think he will be well supervised and coached by this team.
Comment by
BuffetInvestor on Feb 08, 2021 12:29am
Whatever you better cover your short position soon this stock is looking like is going to explode. 800k shares buying in the last hour and closing next it's all time high.
Comment by
TeddyTenBags on Feb 08, 2021 9:49am
Lololol No one is shorting this stock. Nice try though trying to ride the WSB wave. Sounds like Jeff Stevens approach to taking companies public. Always gets to the game late and leaves retail guys holding the bag.